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SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

Fitch: Auto ABS Losses to Continue to Climb

Nick Zulovich
NEW YORK — While tax rebates appeared to help consumers with paying down their debts, going forward, consumers will struggle with their bills and Fitch Ratings said it sees subprime auto losses climbing even more into the summer. More specifically, the ... [Read More]

Wachovia Announces Goal to Reduce Long-Term Auto Loans, More

Nick Zulovich
CHARLOTTE, N.C. — Wachovia recently announced that its vehicle finance division is working to reduce the percentage of seven-year auto loans it is offering to consumers, setting a goal of 2 percent compared with a high of 6.5 percent. Moreover, the company reported ... [Read More]

To Help Dealers Improve Closing Ratios, Wolters Kluwer Launches RefundOne

Nick Zulovich
MINNEAPOLIS — Wolters Kluwer Financial Services announced the launch of RefundOne this week. Specifically designed for the auto dealership market, it is a patent-pending, integrated credit application and tax preparation service. RefundOne combines Wolters Kluwer Financial Services' AppOne dealership portal and ... [Read More]

The Encyclopedia of F&I Management Now Available Via E-Book

Nick Zulovich
SCOTTSDALE, Ariz. — The Automotive Dealership Institute recently announced that its first edition of the Encyclopedia of Finance and Insurance Management is now available through e-book at a limited-time cost of $49.95. This document comes in a PDF and covers almost ... [Read More]

MenuVantage Reaches New Milestone, Details Company Growth

Nick Zulovich
ORLANDO, Fla. — MenuVantage recently announced that since it was introduced in the third quarter of 2004, the company has quickly expanded and just recently achieved a major milestone of $1.5 billion in F&I product sales for its auto dealer clients. ... [Read More]

National Lenders Remain Squeezed in 2Q

Nick Zulovich
SAN FRANCISCO — Wells Fargo, Capital One and Chase all recently reported mixed second-quarter results, showing that the lenders remain under pressure in a challenging economic environment. Kicking it off, Wells Fargo Financial, which includes real estate and auto financing, in addition ... [Read More]

Westlake Names New President, Change to Credit Facility

Nick Zulovich
LOS ANGELES — Westlake Financial's Board of Directors announced recently announced a new president. Taking on the position is Ian Anderson, who had been serving as senior vice president of production, business strategy and analytics since joining the company in 2005. ... [Read More]

First Advantage CREDCO Launches Red Flag IQ

Nick Zulovich
POWAY, Calif. — First Advantage CREDCO recently announced the availability of Red Flag IQ, which is a monthly report that summarizes potential fraud activity and related trends over a period of time. Offered free to U.S. automotive dealers who sign up ... [Read More]

ChargeSmart Reports Growing Traffic for Online Auto Payment Services

Nick Zulovich
SAN FRANCISCO — ChargeSmart LLC, a provider of online payment solutions to the financial and mortgage industries, recently reported that payments for automotive loans and leases are the most prominent transaction since the company launched its online service this past July. ... [Read More]

The Mint Leasing Begins OTC Trading to Help Raise Capital for Continued Growth

Nick Zulovich
HOUSTON — In a time when many leasing companies are reducing business due to residual losses, The Mint Leasing Inc., which primarily offers leasing services to customers in Texas, Alabama, Arkansas, Mississippi, Georgia, Tennessee and Florida, is growing. It recently announced that the company has ... [Read More]

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